The Hungarian economy grew strongly in the first quarter of 2022

According to statistics from the Central Statistical Office (KSH), the GDP of Hungary in the first quarter had a significant growth. The consumer demand of the Hungarian is gradually increasing. It is a good signal of economic recovery in Hungary. The commercial accommodation and catering services has increased substantially by 80.8%. Industrial output increased 4.9%, service output increased 9.9% and construction output increased 18.3%. Hungary’s import and export sector is also on the way to recover.